Hungarian Forint

HUF | Hungarian Forint
  • The currently used Hungarian Forint was introduced on 1 August 1946. However, the forint already existed in Medieval Times. King Charles Robert introduced gold forint in the early 1320s following the model of the gold coins of Florence (this is where the name forint comes from), which were first made in Kremnica (Kremnica ducats).
  • Between 1750 and 1892 silver forints were also in use during the reign of the Habsburg Monarchy and at the age of the Austro-Hungarian Monarchy. In addition to the above, Lajos Kossuth also had gold coins made (including the famous Kossuth notes) in 1848-49.
  • The first series of banknotes included only two members: 10 and 100-forint notes. In addition to this, the Central Bank of Hungary issued 2-, 10-, 20-filler and 1-, 2 and 5-forint metal coins. In 1951, 50-forint, and in 1970 500-forint banknotes were issued into circulation. At the time of the change of the regime, 5,000-forint notes were issued for the first time, which were followed by 10,000-forint notes in 1997 and 20,000-forint notes in 2001. The Central Bank of Hungary issued a new series of circulation coins in 1993, and a new series of banknotes in 1997, while the previously issued coins and banknotes were withdrawn from circulation from October 1999.
  • Hungarian banknotes are made from cotton, which makes it easier to recognize and ensures longer circulation.
Country uses Hungarian Forint:
  • Hungary